I think you're going into conspiracy mode that asset seizure is the only tool to ameliorate income inequality. It's not. There are plenty of tools.


I never said asset seizure would be used for income inequality. Taxes are. (13.1% top end in CA). I said asset seizure would be used for Wealth seizure.

And that is the problem with Wealth Redistribution. There are many people in CA that are on paper worth over a $1 million, but make about $100K a year.

I hold similar views. If you're an adult making minimum wage you've made some horrible choices. According to the Brookings Institution if you graduate high school, work full time and wait to have children until you're married you have a very, very low chance of not attaining a middle class life.

Unfortunately, many poor children come from families that do not give them the kind of support that middle-class children receive. As a result, these children enter kindergarten far behind their more peers and, on average, never catch up and even fall further behind. In addition to the education deficit, poor children are more likely to make bad decisions that lead them to drop out of school, become teen parents, join gangs and break the law.

It's a crappy cycle.

So how's that working out?

Corporate tax cuts, corporate profits at all time highs, wage growth is stagnant (except I am sure bonuses for top executives went up).

Here's some ideas to help out with inequality:

1.) Discourage single motherhood.
2.) Encourage marriage
3.) Raise property taxes.
4.) Outlaw lotteries.
5.) Reduce regulation/bureaucracy related to increasing housing stock.
6.) Provide some form of school choice.

Unfortunately, Corporate profits are not as simple as sales vs lowest workers wage. It might be more telling to look at the top and CEO pay etc...

A counter example to your above story, Costco. Somehow they pay their employees and provide H.C. I believe and yet still turn a profit. I have no clue what there upper management pay is like compared to others, maybe they have found another place to cut costs.

McDonalds CEO made $15.4 million last year per this article (http://www.chicagotribune.com/...-20170413-story.html) How much could they have raised the wages of the workers in the stores if instead the CEO made only $10.4 million. (I know its further complicated by the fact they are not all owned by corporate). (oops that was 2016 --- $21.8 million in 2017 https://www.restaurantbusinessonline.com/...18-million-last-year

Also from the managers at the 2 McDonalds I have talked with, the move to kiosk's is requiring them to hire 1 to 2 more employees. So those who think they are doing that to cut low wage employees might want to look into it some more.

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Just Triing
Triathlete since 9:56:39 AM EST Aug 20, 2006.
Be kind English is my 2nd language. My primary language is Dave it's a unique evolution of English.

Unionized work forces seem to work

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Just Triing
Triathlete since 9:56:39 AM EST Aug 20, 2006.
Be kind English is my 2nd language. My primary language is Dave it's a unique evolution of English.

Unionized work forces seem to work


Since the majority of peoples wealth is in Homes and Stocks, how does a unionized work force redistribute wealth?

Unionized work force -> higher wages -> lower corporate profits -> lower stock prices. At least that's the standard thinking.

Higher wages for a unionized work force accrue to the lower and middle classes, lower stock prices impact the upper class and upper middle class.

If you want to call that wealth distribution it's your call!

Ceo pay has nothing to do with other employee salaries in big companies.

If he made 5 million less and ignoring the franchise and who works under who issues the employees would make $13.33 a year more. There are 375k McDonald’s employees.

Where the money is most likely going is the stacks of middle management in organizations.

You’re paying someone to manage 10 people. Then you a director to manage a couple managers, then a managing director to manage a couple directors. In some cases it may make sense but my guess is most times it doesn’t.